Swiss National Bank Has $19.42 Million Holdings in Elbit Systems Ltd. (NASDAQ:ESLT)

Swiss National Bank trimmed its stake in shares of Elbit Systems Ltd. (NASDAQ:ESLT - Free Report) by 6.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 74,430 shares of the aerospace company's stock after selling 5,196 shares during the quarter. Swiss National Bank owned 0.17% of Elbit Systems worth $19,416,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Y.D. More Investments Ltd boosted its holdings in shares of Elbit Systems by 10.1% in the 4th quarter. Y.D. More Investments Ltd now owns 449,747 shares of the aerospace company's stock worth $117,520,000 after acquiring an additional 41,401 shares in the last quarter. Heard Capital LLC boosted its holdings in shares of Elbit Systems by 4.8% in the 3rd quarter. Heard Capital LLC now owns 218,392 shares of the aerospace company's stock worth $43,700,000 after acquiring an additional 10,070 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Elbit Systems by 12.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 170,703 shares of the aerospace company's stock worth $34,158,000 after acquiring an additional 18,614 shares in the last quarter. Systematic Financial Management LP boosted its holdings in shares of Elbit Systems by 12.1% in the 3rd quarter. Systematic Financial Management LP now owns 74,322 shares of the aerospace company's stock worth $14,872,000 after acquiring an additional 8,000 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Elbit Systems by 5.3% in the 4th quarter. Bank of New York Mellon Corp now owns 45,789 shares of the aerospace company's stock worth $11,817,000 after acquiring an additional 2,317 shares in the last quarter. 17.88% of the stock is owned by institutional investors and hedge funds.

Remove Ads

Analysts Set New Price Targets

Separately, StockNews.com downgraded Elbit Systems from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 25th.

Elbit Systems Trading Down 0.5 %

NASDAQ:ESLT traded down $2.17 during trading hours on Friday, hitting $410.83. 150,487 shares of the stock were exchanged, compared to its average volume of 33,399. The company has a quick ratio of 0.64, a current ratio of 1.15 and a debt-to-equity ratio of 0.10. Elbit Systems Ltd. has a twelve month low of $175.30 and a twelve month high of $420.00. The company's 50 day moving average is $321.05 and its two-hundred day moving average is $261.38. The company has a market capitalization of $18.26 billion, a P/E ratio of 70.23 and a beta of 0.53.

Elbit Systems (NASDAQ:ESLT - Get Free Report) last released its quarterly earnings data on Tuesday, March 18th. The aerospace company reported $2.66 EPS for the quarter, beating analysts' consensus estimates of $1.95 by $0.71. Elbit Systems had a net margin of 4.00% and a return on equity of 11.34%. The business had revenue of $1.93 billion during the quarter, compared to analysts' expectations of $1.78 billion. On average, sell-side analysts anticipate that Elbit Systems Ltd. will post 8.05 earnings per share for the current fiscal year.

Elbit Systems Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, May 5th. Investors of record on Tuesday, April 22nd will be paid a $0.60 dividend. The ex-dividend date of this dividend is Tuesday, April 22nd. This is a positive change from Elbit Systems's previous quarterly dividend of $0.50. This represents a $2.40 dividend on an annualized basis and a yield of 0.58%. Elbit Systems's dividend payout ratio is presently 27.72%.

About Elbit Systems

Elbit Systems Ltd. develops and supplies a portfolio of airborne, land, and naval systems and products for the defense, homeland security, and commercial aviation applications primarily in Israel. The company operates through Aerospace, C4I and Cyber, ISTAR and EW, Land, and Elbit Systems of America segments.